Cooperation credit

Cooperation credit is the reduction in penalty a firm receives for self-reporting, cooperating and remediating. It explains a good deal of the variance in penalty sizes for apparently similar conduct.

compliance and practice · updated 2026-09-08

See also

• Self-report — A self-report is a firm's voluntary disclosure of its own violation before the regulator finds it. It is the single largest determ…
• Penalty tiers — US securities and commodities statutes set maximum penalties in tiers keyed to the seriousness of the violation and whether it cau…

Terms that refer here

Remediation · Self-report

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